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25-Year, $1,000 Par Value Bond Has an 8

Question 4

Multiple Choice

25-year, $1,000 par value bond has an 8.5% annual coupon The bond currently sells for $875 If the yield to maturity remains at its current rate, what will the price be 5 years from now?


A) $839.31
B) $860.83
C) $882.90
D) $904.97
E) $927.60

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